Uzbekistan’s Virtue of Patience
Appearing to choose sides in the Ukraine conflict, even if it makes economic sense, is a nonstarter.
Uzbekistan is rich in recoverable hydrocarbons. Natural gas reserves alone are estimated to be close to 2 trillion cubic meters. Oil and gas account for about 16 percent of the country’s gross domestic product and about 20 percent of budget revenue. And although China is its biggest customer, Uzbekistan has been known to ship gas […]